Dealing with the financial impact of being out of work

Today, many people in Indonesia have a financial struggle because out of work as a result of COVID-19. If you have lost your job recently, it is time to restructure your finances. This will help you to manage your saving money while you look for another job.

What you can do

Check your amount of money in the bank

Find out your saving money in the bank and make sure your total amount is enough for months. You have to consider using it to shopping or to support your life during the pandemic. It's time to put limits on yourself when it comes to shopping for secondary needs. For example, as usual, you can buy clothes or fashion items in large quantities, so at the moment you can’t buy them. You have to consider whether this is a primary need or just a wish. You can also learn more about managing your finances before the pandemic and during the pandemic.

Draw up a budget

A budget can help you work out how much money you’ll need to cover costs while you being unemployed. If you need help getting started, please check out a money planner to encourage your plan. You would have found a free financial planner on social media.

Consider having a side job

A side job is one of the solutions while you are unemployed and during look another job. You will have found advantages for a side job. In addition, you would have spare money to support your life.

Things to remember

Losing your job can be distressing, especially given the current angst caused by the coronavirus. However, try to remember it is not about you. You deserve to be happy, and you have the best mental health to stay positive thinking.

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